KOLESO HYPERMARKET CHAIN RENTED 5,500 sq.m. in UTKINA ZAVOD

Utkina Zavod warehouse complex has a new tenant. It is a distributor of vehicle components, which develops a chain of online stores under the KOLESO brand.

The lease agreement was signed for the total area of ​​5,500 sq.m. and for the 6-year period. As a result, the vacant space of Utkina Zavod warehouse complex reached 3 % as of 30.02.2020 (5.5% as of 01.03.2021) of the total leasable area of ​​the site. SPB4RENT Company was the broker of the deal.

KOLESO is the largest tire retail developing a chain of tire shops and online stores of auto goods (tires, rims, batteries, etc.) in the Russian Federation since 1992. The business is focused in St. Petersburg. At the moment, Koleso Group of Companies has 7 tire hypermarkets. The success of Koleso Group is primarily due to its long-term partnership with global tire and battery manufacturers such as Michelin, Pirelli, Bridgestone, GoodYear, Yokohama, etc.

"Due to the peculiarities of their product group, as early as at the stage of negotiations, KOLESO company put forward a number of specific wishes for the retrofitting of storage facilities at Utkina Zavod warehouse complex.  I must say that we have quickly coped with this task. Before the new tenant moved in, we not only prepared the warehouse in the shortest possible time but also developed and received all the necessary approvals for it," Ilya Pronichkin, head of the tenant management department of MLP Management Company, commented on the deal with the new tenant.

"High demand from tenants and small volumes of new warehouses commissioned in St.-Petersburg narrow the choice when moving or opening a warehouse. This allows the owners of warehouse complexes to actively increase the rent for both existing and new tenants. Warehouse rental rates are growing by at least 5 % annually, but this essentially only compensates developers for the inflationary component," comments Anton Shuliko, head of the SPB4RENT agency.

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